Recent content by Velden

I will search for Kullamagi. Thanks a lot. I trade forex.

Hard to believe, sorry, i can provide multiple reasons why it is hard to believe, but I hate typing, if you would like to know why I say that, I will explain.

Of course I need to, it's not like I would go live risking even a cent without backtesting.:) So since you said on DAX it could be more profitable, I am assuming you know quite a bit about breakouts, so are you able to answer my original question if you have experience with it? Thanks

Hi all, Would someone be generous enough to post examples of pre breakout price action patterns that have made you money. Ideally I would like to see the pre breakout formation and the first candle of the breakout. I have been observing such formations, specifically on forex and DAX, but i am...

Thanks for those who helped, provided links, etc. The thing is, this is not a candlestick pattern. It is a characteristic of 3 moves (with trend, counter trend, with trend) relative to each other. I will backtest it. Is anyone able to suggest other tried and tested fotmations for entry? I have...

I am with you on what you are saying, context matters, i am not denying it, and I totally agree that what could look like a good entry could be a climax (to a newbie trader that is). In terms of the second paragraph, "pullback trading in trend behaviour" is that just your preference or is there...

Thats good to know. I am fairly comfortable with the overall context but from my experience trading just the context with no specific entry setups gives little (if any) edge. Unless you have a very smooth trend which don't happen often, in forex at least.

For those who like things visualized (i know its easier) i found an example. I am in the airport now and dont have my laptop with me. Look to the right side just a bit away from the middle, we have a powerful sell-off consisting primarily of large bearish candles, then a pullback consisting of...

You misunderstood my point, possibly i didn't explain it so well. There is no late entry here, we enter when the last high(for uptrend) is broken, we could even make it slightly riskier and open the position before it is broken, also if the entry candle is way too large and has broken the high...

There is a reason why when we are looking for patterns that can be used to enter the market should consist of a large number of candles (such as 10), and we are not looking at individual candles (or 2 or even 3 candles). This is because candle opening/closing times is just broker convention, so...

I respect your opinion, but why is there no hard data? Because very few can be bothered to run a long manual backtest to get 400-500 samples? Or because they did so and there is no edge? What about the specific pattern I am talking about? Are you aware of someone backtesting it and seeing no...

I get the point, but I changed the wording of the title and my post as soon as I created this thread, so as not to confuse anyone, as I am not trading elliott waves. So i changed "correction" to "pullback" for example.

Hi guys, this question is related to trading using charts only and small timeframes only (day trading). I am a firm believer that entries are very important in trading. I disagree that entries are unimportant and that most of the edge comes from trade management (or even money management such as...